Capital Group Municipal Income ETF $CGMU Shares Sold by EQ Wealth Advisors LLC

EQ Wealth Advisors LLC trimmed its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,120 shares of the company’s stock after selling 1,411 shares during the quarter. Capital Group Municipal Income ETF makes up 1.9% of EQ Wealth Advisors LLC’s portfolio, making the stock its 15th biggest holding. EQ Wealth Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $2,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Municipal Income ETF by 8.6% in the first quarter. Envestnet Asset Management Inc. now owns 7,406,932 shares of the company’s stock worth $198,654,000 after acquiring an additional 586,717 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Capital Group Municipal Income ETF by 40.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,663,217 shares of the company’s stock worth $98,248,000 after acquiring an additional 1,053,284 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Capital Group Municipal Income ETF by 21.0% in the first quarter. LPL Financial LLC now owns 2,984,823 shares of the company’s stock worth $80,053,000 after acquiring an additional 517,925 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Capital Group Municipal Income ETF by 11.2% in the first quarter. Cetera Investment Advisers now owns 2,575,859 shares of the company’s stock worth $69,085,000 after acquiring an additional 259,458 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Capital Group Municipal Income ETF by 5.6% in the first quarter. Commonwealth Equity Services LLC now owns 2,074,151 shares of the company’s stock worth $55,629,000 after acquiring an additional 109,549 shares during the last quarter.

Capital Group Municipal Income ETF Trading Down 0.1%

Capital Group Municipal Income ETF stock opened at $27.37 on Wednesday. The stock has a fifty day moving average price of $27.06 and a 200 day moving average price of $26.76. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.46.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were paid a $0.0718 dividend. The ex-dividend date was Monday, September 29th. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 3.1%.

About Capital Group Municipal Income ETF

The Capital Group Municipal Income ETF (CGMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds of varying maturities, exempt from regular federal income tax. CGMU was launched on Oct 25, 2022 and is managed by Capital Group.